|
Pelican (m)
|
Considering the very huge returns the GSM companies are raking in everyday in Nigeria, one wonders why a percentage of their equities have not been made available to the Nigerian public. I think this is only fair to the people, and will not only make extra funds available for futher expansion, butwill also invlolve the people in so many ways. What do you think?
|
|
|
|
|
|
tobz (f)
|
Hi pelican, i think i have a huge crush on you, please send me your phone number. i love
|
|
|
|
|
|
Pelican (m)
|
Ha, ! E gba mi ooooo! Wetin I talk, wetin I dey hear oooo. Abeg o. Make we talk about this GSM people and how to get them to come to the stock market. However , thanks for whatever. I respect your feelings and I love the power of God and His beauty in you.
|
|
|
|
|
|
Temmie10 (m)
|
Ha, ! E gba mi ooooo! Wetin I talk, wetin I dey hear oooo. Abeg o. Make we talk about this GSM people and how to get them to come to the stock market. However , thanks for whatever. I respect your feelings and I love the power of God and His beauty in you.
hahahaha i am cracking up with laughter here, tobz, abeg free the guy, this sudden unsolicited online love too strong hahahahaha Pelican, On a more serious note, u have a point, MTN for instance seems to be listed on johannesburg stock exchange in south africa which is jus sick, |
|
|
|
|
|
enolase (m)
|
I heard from the grapevine that MTN's profit after tax last year was in excess of N200bn (please I am yet to confirm this figure; don't criticize me if I am wrong).
The Nigerian government should force them to the stock market. They can't just grab from Nigerians and run back to South Africa with their profits.
After all, Nigeria gives MTN the bulk of their profits in Africa.
|
|
|
|
|
|
Pelican (m)
|
I heard from the grapevine that MTN's profit after tax last year was in excess of N200bn (please I am yet to confirm this figure; don't criticize me if I am wrong).
The Nigerian government should force them to the stock market. They can't just grab from Nigerians and run back to South Africa with their profits.
After all, Nigeria gives MTN the bulk of their profits in Africa.
enolase, that's the point I'm trying to bring us to. I wonder if and how we can achieve this. Any member of the senate and house of assembly on Nairaland, or their relatives? Help us. We too want to own shares in the booming GSM industry!!! |
|
|
|
|
|
joshO (m)
|
TransCorp in on the exchange, MTN will be a money spinner too oneday. That's why the people at the helm of this company are insisting it's a goldmine, and will be the biggest and most profitable company in Nigeria in 4 - 5 years.
Don't expect the likes of MTN, Glo to list on the NSE. They'll claim the market isn't deep enough (in otherwords, they don't need your meagre stippends). Also, they will have no reason for sharing their profit with you.
Withs happening with Telecoms in similar to Oil (dowstream). Again here, TransCorp is perhaps the only vehicle into this lucrative industry. In 4 - 5 years, For these reasons, I believe TransCorp will be really hot in 4 years time.
|
|
|
|
|
|
Crownvilla (m)
|
@Josho,
You are right. They are making stacks of money, so no need to go through the hassle of having Nigerians as joint owners of the lolly and influencing company policy at shareholders meetings. These telecoms companies are outright, capitalistic, profit making ventures and the Nigerian market has been a goldmine.
Could you please expantiate a bit more about the downstream oil sector, I'm not familiar with the oil industry and a somewaht confused with the point you atrying to make. Thanks.
|
|
|
|
|
|
|
|
joshO (m)
|
@Crownvilla,
Upstream oil sector deals primarily with the recovery and production of crude and natural gas. Most companies in this sector prospect and have rights to huge oil reserves. The capital requirement here is huge and profits can be staggering. You'll find some of the biggest companies in the world here - Shell, Chevron, Gazprom, BP etc. Whilst some of these players also venture into the downstream sector - refining, distribution of crude / natural gas products), their main revenues derives from the lifting and sale of black gold and natural gas.
In Nigeria, most of these players don't even bother with downstream sector - They leave it to the oando's, conoil's, Zenon's and Mobil (distribution) to worry with. They also don't bother to list on the NSE as capital is ever hardly a problem for them. Also, why should they have to worry with recalcitrant shareholders? Another reason is rules of listing on the exchange. At least 25% of the company will have to be sold to the public. 25% of shell for example values at billions of $'s. The exchange may just not be deep enough for the NSE.
These companies just make money out of Nigeria, then repatriate most if not all of it to their countries.
|
|
|
|
|
|
Crownvilla (m)
|
@joshO
Thanks for that info.
|
|
|
|
|
|
![Nairaland [Nigerian Forum] Home](http://www.nairaland.com/Themes/default/images/english/home.gif)
Author
